The JEP has just published our report on various "new" features of the job market for new Ph.D. economists, including the signaling mechanism and the scramble.
The Job Market for New Economists: A Market Design Perspective, by Peter Coles, John Cawley, Phillip B. Levine, Muriel Niederle, Alvin E. Roth, and John J. Siegfried (Journal of Economic Perspectives—Volume 24, Number 4—Fall 2010—Pages 187–206)
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